Real Estate Shows Strong First Quarter in Central BC

Real Estate Shows Strong First Quarter in Central BC

By 250 News Thursday, April 08, 2010 04:07 AM

Prince George, B.C. - The B.C. Northern real Estate Board is reporting a very healthy first quarter.

 

In the first quarter of 2010 sales of properties of all types through the Multiple Listing Service of the BC Northern Real Estate Board (BCNREB) were significantly higher than a year ago.

 

To the end of March, 887 properties with a value of $180.8 million changed hands in the area served by the members of the BCNREB, compared to 589 properties worth $117 million in the first 3 months of 2009.

 

As of March 31st, 2010 there were 4347 properties of all types available for purchase through the MLS®, compared to 4018 at this time last year.

 

President Claudia Holland is optimistic, “The overall market is picking up tentatively with more homes being listed and more buyers purchasing as spring comes upon us. With the first quarter of 2009 being a time most people would like to forget, the statistics are showing a cautious recovery. With expanded resource exploration and development, the north is seeing positive growth and that is reflected in the real estate industry.”

Fraser Fort George Region:

City of Prince George: 246 properties of all types, worth $54.6 million have changed hands in
the first 3 months of 2010 compared with 208 properties worth $45.7 million in the same time period last year.

 

In the west part of the City, the median price of the 51 single family homes that have sold on MLS® was $220,500 ($189,000 in 2009).

 

In the area east of the By-pass, the 29 single family houses that sold had a median value of $179,500 ($173,500 in 2009).

 

In the northern part of the City, commonly referred to as “the Hart”, 31 single family homes sold with a median price of $239,950 ($249,900 in 2009).

 

In the southwestern section of the City, 52 homes have sold since January with a median price of$268,000 ($290,000 in 2009).

 

At the end of March there were 649 properties of all types available on the MLS® within the City limits, compared to 683 at the same time last year.

 

Copy courtesy of:
Dean Birks
Royal LePage Prince George
Direct Phone: 250-612-1709
Private Fax: 1-888-870-4132

Posted via email from Prince George Real Estate

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